Warren Buffett spoke to the press today regarding much-maligned Bank of America (BofA), which has been on the receiving end of a litany of lawsuits, bad press and simply seems to have a black cloud firmly entrenched above its proverbial head.

The Department of Justice (DOJ) could soon bring criminal charges against Rajat Gupta, a former Goldman Sachs executive who allegedly was involved in an insider-trading scheme with Galleon Group co-founder Raj Rajaratnam.